MONTAKA GLOBAL LONG ONLY EQUITIES FUND
(Managed Fund) (ASX:MOGL)

ARSN: 621 941 508 (Previously known as Montgomery Global Equities Fund)

Listed on the ASX, this Exchange Traded Managed Fund (ETMF) invests in a concentrated high-conviction portfolio of 15 to 30 businesses listed on major global stock exchanges, featuring a targeted distribution.

OVERVIEW

HOW TO INVEST

Ready to invest?

Purchase units directly through your stockbroker or online broker or financial adviser with the ticker code MOGL.

An investment confirmation will be issued by the Unit Registry provider Mainstream Fund Services Pty Ltd.

You can download the product disclosure statement (PDS) here

Want to know more?

Click below to download the fund information pack.

If you prefer to talk it over, call us on the number below.

PERFORMANCE

  MOGL MSCI World Net Total Return Index Out/Under performance
1 month -2.9% -3.0% 0.1%
3 months 5.1% 3.9% 1.1%
6 months 18.1% 13.6% 4.5%
12 months 23.7% 27.8% -4.2%
3 years p.a. 8.7% 13.2% -4.6%
Since inception 41.2% 62.3% -21.1%

As at 30 Sep 2021
Fund inception date: 19 December 2017
Performance is net of fees and assumes distributions are reinvested. Past performance is not an indicator of future performance

Performance chart

UNIT PRICE

*iNav

$0.00

Last Updated

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* The iNAV per Unit will be updated for foreign exchange movements in the Fund’s portfolio stocks by individual stock domicile and will also be updated in respect of stocks that have live market prices during the ASX Trading Day. The Fund may use one or more other index futures, such as S&P futures, as a proxy to account for movements in the Fund’s exposure to certain stocks and derivatives that do not have live market prices during the ASX Trading Day.

DISTRIBUTION

Date Distribution (A$) per unit Reinvestment unit price
June 2021 8.5 cents $3.7348
December 2020 7.7 cents $3.3258
June 2020 7.3 cents $3.2369
December 2019 8.3 cents $3.6484
June 2019 16.9 cents $3.5317
December 2018 7.1 cents $3.1264
June 2018 8.6 cents $3.5283

FAQs

MOGL will typically invest in an all-cap portfolio of 15 to 30 high quality businesses listed on major global stock exchanges with a focus on North America, Western Europe, the United Kingdom, Japan, Hong Kong, Singapore and Australia.

If an insufficient number of individual company names are appealing in terms of the prevailing share price relative to the Montaka Global’s assessment of their intrinsic value, we may consider the overall market ‘expensive’ and in an effort to preserve the market value of the portfolio, may allow the cash component of the portfolio to build.

While the mandated maximum cash holding is 50% of the portfolio, it is not envisaged that the Fund would reach such a level absent an extreme market scenario. The practical maximum cash weighting of the Fund is 30%; and the practical minimum is 0 - 5%

Montaka Global may, on occasion, hedge the Fund against movements in the Australian Dollar and other currencies, but the default position is to remain unhedged.

You can purchase units in MOGL via your trading account or through your preferred broker subject to their minimum and brokerage fees.

Please note, Montaka Global is not a broker and as such cannot facilitate the buying or selling of MOGL units via the ASX.

Distributions are targeted to be paid semi-annually, being; end of calendar year and end of financial year. They should be received within 20 business days of each end of period.

 

Like an unlisted managed fund, the distributions might include income and realised capital gains of the fund and any additional amounts of cash, income or capital.

Our Unit Registry, Mainstream Fund Servies Pty Ltd, has a portal that investors can access to see their balance and download all statements. Once invested, you will be given registration details.

Access the Link Market Unit Registry here: 

Login

You can sell units in MOGL via your trading account or preferred broker, just like you would a share on the ASX.

 

Investors do not need to complete any paperwork or submit a redemption form. Settlement of the sale of units will occur in the same way as the sale of listed securities via the ASX CHESS settlement service on a T+2 cycle.

 

Please note Montaka Global is not a broker and as such cannot facilitate the buying or selling of MOGL via the ASX.

No commissions are paid by us to any financial advisers or brokers.

An active Exchange Traded Managed Fund (ETMF) is, most simply, a managed fund that is traded on a stock exchange such as the ASX. They are built like managed funds, but trade like shares, meaning that pricing is transparent and they can be bought and sold during any trading day just like ordinary shares.

 

Active ETMFs share many similarities with exchange traded funds (ETFs) but have one key difference: ETFs are “passively managed” and aim to track a particular benchmark or index, whereas ETMFs are “actively” managed by fund managers with the aim of outperforming a relevant benchmark.

Yes. The default is for distributions to be reinvested, however you can choose to have them paid out in cash.

You can update your distribution election by logging in to your portfolio at Mainstream Fund Services Pty Ltd https://montaka.mainstreamfs.com/login and selecting the 'Payments & Tax' menu at the top of the screen. Then select ‘Reinvestment Plans’ and choose ‘Edit Instruction’. For cash elections, please update your banking instructions by selecting ‘Payment Instructions’ from the ‘Payments & Tax’ menu. This change can be applied to one or multiple holdings.

For security reasons if a holding is valued at greater than $50,000 or relates to a deceased estate then you will not be able to update this online and you will need to download a 'Request for Direct Credit of Payments' Form from the 'Forms' section.

If you are using the 'Single Holding' login then you will only be able to update these details if you have an 'Individual' holding valued less than $50,000.

For additional transparency, MKAX will disclose an indicative net asset value (iNAV) which is updated regularly during the trading day. The purpose of the iNAV is to provide investors with an intra-day view of the ‘fair value’ for the Fund. The iNAV will be updated for foreign exchange movements in the Fund’s portfolio of stocks and will also be updated in respect of stocks that have live market prices during the trading day. The Fund may use one or more other index futures, such as S&P futures, as a proxy to account for movements in the Fund’s exposure to certain stocks and derivatives that do not have live market prices during the ASX Trading Day.

 

You can access the iNAV on this page.

MOGL is a listed fund, quoted on the ASX, and issue investors with units that can be traded at any time through an online trading account or through a stock broker. Montaka Global Long Only Fund is an unlisted managed fund that issues you with units. 

While they are completely different trusts under separate investment vehicles, both funds share the same common investment strategy and we expect that performance will closely follow the equivalent listed MOGL, as it maintains the same investment strategy, investment process and substantially the same portfolio.

CONTACT US

Craig Morton

Chief Financial Officer

p: +612 7202 0099
e: cmorton@montaka.com

Matthew Briggs

Investment Specialist​

p: +612 7202 0093
e: mbriggs@montaka.com

If you are a current investor and need assistance with change of details, tax statements, please contact the unit registry, Mainstream Group on +61  1300 133 451 (toll free within Australia) or email  mgim@mainstreamgroup.com

When you visit the Montaka Web Portal, you will need your security reference number (SRN) or Holder Identification Number (HIN) to verify your identity. Your SRN/HIN is available on your holding/transaction statement.

Montaka Global Pty Ltd AFSL: ABN 62 604 878 533, AFSL No. 516942 (previously known as MGIM Pty Ltd) is the investment manager and can be reached on 02 7202 0100 or email at office@montaka.com

DOCUMENTS

Product Disclosure Statement (PDS)

Fact Sheet
MOGL Montaka Global Long Only Equities Fund

NOTICE: Change of registry (15th October 2021)

To learn more about us please click below

You should read the Product Disclosure Statement (PDS) before deciding to acquire the product.

The issuer of units in Montaka Global Long Only Equities Fund (Managed Fund) is The Fund’s responsible entity Perpetual Trust Services Limited ACN 000 142 049 (AFSL 236648). The Product Disclosure Statement (PDS) contains all the details of the offer.

Copies of the PDS are available by downloading them from this web page. Before making any decision to make or hold any investment in the Fund you should consider the PDS in full. An investment in the Fund must be through a valid application form attached to the PDS. You should not base an investment decision simply on past performance. Past performance is not an indicator of future performance. The investment returns of the Fund are not guaranteed, and so the value of an investment may rise or fall.

The information provided is general in nature and does not take into account your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon this information and consider seeking advice from a licensed financial advisor if necessary.

Our Montaka Long Only funds strive
to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka Variable Net funds, this offering is focused on owning the world’s high quality, undervalued businesses – and cash when appropriate – to outperform its benchmark.

Our Montaka Active Extension funds strive for maximised return over the long-term. Owning the Montaka Variable Net long portfolio typically scaled up to approximately 130 percent - and the Montaka Variable Net short portfolio typically scaled down to approximately 30 percent – this these funds results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net funds strive for significant downside protection – but with minimal upside reduction. Focused on owning the world’s great and growing businesses when they are undervalued, while managing a portfolio of short positions in businesses that are deteriorating, misperceived, and overvalued, this these funds are our flagship long-short.

Our
Funds

Our Funds

Our Montaka Long Only funds strive to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka Variable Net funds, this offering is focused on owning the world’s high quality, undervalued businesses – and cash when appropriate – to outperform its benchmark.

Our Montaka Active Extension funds strive for maximised return over the long-term. Owning the Montaka Variable Net long portfolio typically scaled up to approximately 130 percent - and the Montaka Variable Net short portfolio typically scaled down to approximately 30 percent – this these funds results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net funds strive for significant downside protection – but with minimal upside reduction. Focused on owning the world’s great and growing businesses when they are undervalued, while managing a portfolio of short positions in businesses that are deteriorating, misperceived, and overvalued, this these funds are our flagship long-short.